Ukraine says it will close current financial deficit by year's end
The Ukrainian president said the country plans to cover its present budget shortfall before 2026 is out.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Ukraine's president said the government plans to close its current financial deficit by the end of 2026, according to a report from Ukrinform, the country's state news agency.
The statement comes as Kyiv continues to manage the fiscal strain of nearly four years of full-scale war with Russia, which has forced the government to lean heavily on a mix of domestic revenue, foreign loans and allied grants to keep public services and defence spending running.
Ukrinform's report did not detail the specific measures or financing sources the government intends to use to close the gap, nor the size of the deficit in question. Ukrainian officials have periodically pointed to continued support from Western partners, including the European Union and the International Monetary Fund, as central to balancing the state budget through the remainder of the war.
The announcement is likely to be watched closely by international lenders and allied governments, who have made predictable fiscal management a condition of continued financial assistance to Kyiv.
Further details on the plan were not immediately available.
Sources
- Ukraine to cover current financial deficit by end of year – president — Ukrinform (Ukraine)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Comments
Loading comments…
Related articles
Chalmers warns of economic turmoil driving budget cuts, says Australia can avoid recession
Australia's treasurer pointed to intensifying pressure on the federal budget and blamed the private sector for inflation amid Middle East conflict, while insisting a recession is not on the horizon.
Ukraine to Transfer 12 State-Owned Coal Mining Enterprises to State Property Fund
The Cabinet of Ministers approved moving the enterprises from the Ministry of Energy's management to the State Property Fund of Ukraine.
First underground preschool opens in Zaporizhzhia amid ongoing war
A new preschool built underground has opened in the Ukrainian city of Zaporizhzhia, offering children a safer space for early education.
Ukrainian National Guard Commander Says Russian Forces Outnumber Units Six to One in Parts of Donetsk Region
Oleksandr Pivnenko made the comment while visiting frontline units in the Kharkiv and Donetsk regions, according to Ukrinform.
Zelenskyy Says Ukraine Will Strike Russian Refineries in Response to Moscow's Air Campaign
Ukraine's president linked the shift to what he described as a new Russian doctrine of airstrikes, framing it as a response to Moscow's battlefield setbacks.
Zelensky Awards Hero of Ukraine Title to Sergeant Oleksii Kapeliushnyi
Ukraine's president bestowed the country's highest honor, along with the Order of the Gold Star, on the sergeant.